December 18, 2002 Board Meeting Summary

World Trade Center
Saint Paul, Minnesota

THIS SUMMARY IS NOT THE OFFICIAL MINUTES OF THE MEETING


Appointment of President of Fond du Lac Tribal and Community College

The Board of Trustees accepted the recommendation of Chancellor McCormick and appointed Dr. Donald R. Day as President of Fond du Lac Tribal and Community College effective January 6, 2003, subject to the completion of an employment contract, which the Board authorized the Chancellor to negotiate in consultation with the Chair of the Board and Chair of the Human Resources Policy Committee in accordance with the terms and conditions of the Personnel Plan for MnSCU Administrators.

Employment Agreements for Presidents and Vice Chancellors and Appointment of Vice Chancellor for Information Technology

The Board of Trustees authorized the Chancellor, in consultation with the Chair of the Board of Trustees and Chair of the Human Resources Policy Committee, to negotiate employment agreements with presidents whose current contracts expire June 30, 2003, to authorize employment agreements with vice chancellors effective July 1, 2002; and to appoint Kenneth F. Niemi as Vice Chancellor for Information Technology.

FY 2003 Capital Budget Proposal

The Board of Trustees approved the FY 2003 Capital Budget as presented and authorized the Chancellor to forward the program to the Governor for consideration in the FY 2003 legislative session.

Mission Approval: Fergus Falls Community College

The Board of Trustees approved Fergus Falls Community College's mission, vision, purposes and array of awards.

Mission Revision: Pine Technical College

The Board of Trustees approved the revised mission of Pine Technical College.

Program Closure: Minnesota West Community and Technical College

The Board of Trustees approved the request by Minnesota West Community and Technical College to close the Cabinet Maker certificate program at the Prairie Correctional Facility - Minnesota Correctional Facility.

Audit Reports from Minnesota State Colleges and Universities External Auditors

The Board of Trustees referred the 2002 financial audit reports for the Minnesota State Colleges and Universities System and Revenue Fund, Bemidji State University, Minnesota State University, Mankato, Minnesota State University Moorhead, Northwest Technical College, St. Cloud State University and Winona State University to the Finance/Facilities Policy Committee for information and review.

Winona State University Property Acquisition

The Board of Trustees approved the acquisition of the Tau Center located adjacent to the West Campus, Winona State University.

Resolution Authorizing Reimbursement from Revenue Fund Bond Proceeds

The Board of Trustees approved the resolution establishing procedures relating to compliance with reimbursement bond regulations under the Internal Revenue Code, and which delegates to the Vice Chancellor - Chief Financial Officer the authority to sign an Official Intent Declaration for inclusion in the official transcripts of a bond sale.

Amendment to Policy 4.4, Weather/Emergency Closings

The Board of Trustees approved the amendment to Policy 4.4 Weather/Emergency Closings.

Amendment to Board Policy 5.10 Reserves and Year-end Balances

The Board of Trustees approved the amendment to Board Policy 5.10 Reserves and Year-end Balances.

2003 Legislative Initiatives/Proposals

The Board of Trustees approved the recommended initiatives and proposals and directed that the Board, through the Advancement Committee, be given regular progress reports on their status and any other issues that may arise during the 2003 Legislative Session.

Additional Certified Public Accountant Audits for FY 2003

The Board of Trustees modified the audit plan and authorized the Executive Director of Internal Auditing to initiate the process of selecting Certified Public Accounting firms to conduct financial statement audits of Century Community and Technical College, Hennepin Technical College, Metropolitan State University, Minneapolis Community and Technical College, Rochester Community and Technical College, and Southwest State University. The Board of Trustees will make the final selection of external auditors at its meeting in April 2003.

Legislative Auditor Contract for FY 2003

The Board of Trustees approved using the Legislative Auditor to conduct institutional audits as part of the fiscal year 2003 audit plan.

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